San Francisco Federal Reserve President Mary Daly said Friday the weak February jobs report adds to a difficult policymaking environment. In a CNBC interview, Daly did not commit to a position on interest rates, but said a softening labor market combined with inflation still running above the central bank’s 2% target complicate future decisions. “This…
A difficult jobs report comes at a tough time for the White House. Gas prices are rising due to the war in Iran, while stock market turmoil is making savers and retirees antsy about the state of their 401(k)s. Data released Friday showing a loss of 92,000 jobs in February will put pressure on the…
The logos of Google Gemini, ChatGPT, Microsoft Copilot, Claude by Anthropic, Perplexity, and Bing apps are displayed on the screen of a smartphone in Reno, United States, on November 21, 2024. Jaque Silva | Nurphoto | Getty Images The artificial intelligence craze faces a significant gender gap, with more men showing enthusiasm about the technology,…
The U.S. economy lost jobs in February, a month marred by severe winter weather and a strike at a major health care provider, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls fell by 92,000 for the month, compared to the estimate for 50,000 and below the downwardly revised January total of 126,000. At the…
Feeling disappointed by your job or job search? Two recent films might strike a chord. Park Chan-wook’s “No Other Choice” and Sam Raimi’s “Send Help” imagine what happens when workers in bad situations, whether a stagnant job market or a toxic workplace, are pushed to their limits, with murderous consequences. They offer cathartic, if violent,…
Block CEO Jack Dorsey’s move to cut nearly half the company’s workforce is shining a spotlight on a growing question for corporate America: whether advances in artificial intelligence will ultimately mean fewer workers. In an earnings call Thursday, Dorsey said Block will cut about 4,000 jobs. Dorsey framed the move as more than a cost-cutting…
An American flag flies at Warner Bros. Studio in Burbank, California, on Sept. 12, 2025. Mario Tama | Getty Images The Warner Bros. Discovery board may have enriched its shareholders Thursday when it chose Paramount Skydance‘s acquisition offer over Netflix‘s, but it also terrified a lot of its employees. While some of those people own…
Jack Dorsey, co-founder and CEO of Block, listens during the Bitcoin 2021 conference in Miami, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images The tech industry has spent the last couple years debating whether artificial intelligence will actually eliminate jobs at scale or simply be used as an excuse for companies to…
Block said Thursday it’s laying off more than 4,000 employees, or about half of its head count. The stock skyrocketed more than 24% in extended trading. “Today we shared a difficult decision with our team,” Jack Dorsey, Block’s co-founder and CEO, wrote in a letter to shareholders. “We’re reducing Block by nearly half, from over…
eBay’s headquarters in San Jose, California, U.S. Bloomberg | Getty Images EBay said Thursday it is cutting about 800 roles, or 6% of its workforce, in the latest round of layoffs at the e-commerce company. “We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect…
